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if they work out a deal that's acceptable to the senate, then it's going to go to the house. speaker boehner has said they'll either vote on what the senate produces or amend it. that's a lot of work to get done within a day. and i think there are a number of house republicans still holding out, believing that they would rather vote to cut taxes after january 1st than vote for a deal now. >> so there's physically no time. >> i think it's very tough. >> well, but what dan's also saying is that just because the senate reaches a deal, even with the administration, there's no guarantee there are republican votes in the house to do it. >> yeah. we've seen that problem throughout the past few weeks. >> yeah. >> meanwhile, democrats say the biggest setback came earlier in the day when senator mcconnell proposed changes to social security benefits. in an exclusive interview on "meet the press," president obama said he had been willing to compromise to that issue as part of a larger deal. >> one of the proposals we made was something called chain cpi, which sounds real technical, but basically makes
, constitutionally. so they think there's still some time. it's going to be a push for john boehner to get this by his members. even if it comes out of the senate with 70 or so votes, it's not a layup in the house by any means. >> right. mike viqueira, luke russert, thank you, gentlemen. >> take care. >>> while a deal on tax rates appears to be close, the issue of spending cuts is far more contentious as the president illustrated with a few choice words today. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone, and you hear that sometimes coming from them, sort of after today we're just going to try to shove only spending cuts down -- well, shove spending -- [ laughter ] shove spending cuts at us. if they think that's the formula for how we're going to solve this thing, then they've got another thing coming. >> i wanted to bring in democratic congressman john larson of connecticut with us from capitol hill. thanks for coming in. >> happy to be here. >> i want to talk spending in a moment but, first, what's your reaction to the parameters of
the negotiations between the president and house of representatives speaker boehner reached an impasse. it will be a tough sell for house republicans because there are no real spending cuts. the president promised spending cuts in the future and aimed to put political pressure on republicans. the deal represents a balanced approached, although there are no cuts. >> my approach is balanced and responsible so revenues have to be part of the equation in turning off the sequester and eliminating the spending cuts, as well as spending cuts. 9 same is true for any future deficit agreement. we will have to do more to reduce our debt and deficit. i'm willing to do more but it will have to be balanced. >>reporter: liberal democrats have complaints. members of both parties warn as bad as going over the fiscal cliff could be it is better than a deal that looks in what each sees as problems for years. >>trace: the president admits there is still work to be done. >>reporter: still questions of how to pay the extra money medicare doctors have been given and how to keep the alternative minimum tax fr
on new year's eve, still addicted to spending money. >> last friday, speaker boehner told the senate colleagues to find bipartisan deal and the house would consider, accept or amend their plan. with time running out, house lawmakers were left working on unrelated issues and feeling like the process is broken. >> the american people are looking at congress with disdain and rightfully so. with the deadline on the tis call cliff hours away we failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> february the deal gets done, there are no -- even if the deal gets done no guarantees that republicans in the house will like it. but strong bipartisan support in the senate may help. >> bret: we'll head back for breaking details. mike emanuel on the hill. thanks. ed henry at the white house with the latest there. sned >> going. the president has been mostly watching and waiting but the republicans charge excesstive celebration from the commander-in-chief may spike the deal. >> if we are going to be serious about the deficit an
cole says he's confident that boehner can get the votes he needs. >> on the speaker's plan, he had over 200 republican votes, it's not as if he had an awfully strong hand to play, if it's a deal john boehner can accept, it will be passed in a bipartisan manner with a very strong majority. if on the other hand he's neutral or not favorable, his chances will be a lot slimmer. >> lisa desjardins following the fiscal cliff negotiations on capitol hill. do you have any good news for us, lisa? >> reporter: the news is a little better than it was earlier today. we know negotiations are still happening. there was a point today where we thought there was a total breakdown. tonight it's between senator mitch mcconnell and vice president joe biden. we're some of the last people in the building. i know -- come on through, guys, if you want. there's one of the crews that -- the worker crews are starting to come into work tonight. we're the last reporting crew. all the members of congress have pretty much gone. the republicans in the house were meeting late tonight to try to talk about what to do, in
and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit and as part of an overall deficit reduction package. if folks can't say yes to good offers, then i also have an obligation to the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >> now, one of the questions in the days ahead will be whether or not this strategy back fired because republican leaders on the hill had their feathers ruffled by the fact that the president seemed to be blaming them. and speaker john boehner saying he should spend more time negotiating, why are you on tv while mitch mcconnell is working with harry reid to troy to get a deal. the president's point was if they do not make any progress on bipartisan talks in the senate since the clock is running out he wants a straight up and down vote on the senate on his fallback level. put it go in the $250,000 a year and extend unemployment benefits for 2 million a
of always been the case as the negotiations have gone on. first it was primarily between obama and boehner and now mcconnell and biden. but we are seeing some progress and i think the congressman should take comfort surely he will be let in to solicit the vote. >> david, what did you think of the president's comments? were they effective? what was the messaging and trying to get across and to whom? >> i was struck, t.j., mostly by the body language. not so much the contents of the remarks. he was confident, relaxed. this is a president that knows how to keep the cool under the pressure. the sub text seems to be there's hope here. he was not angry or despondent and frustrated. in a sense it was a good signal. i take to heart what one of your correspondents said about the republican reaction on capitol hill already saying this doesn't make it any easier for us to vote for it. i think that tells you where the republicans are coming from. they seem to think if the president is expressing pain do they win. and i think that goes to what just am starting to perceive almost a jihadist attitude on
, tomorrow? and when could the house vote on this. >> assuming speaker boehner brings the senate bill to the house floor for a vote. we don't have confirmmation he will do that, it could be as early as tomorrow morning assuming the senate acts, at which point we pass it to get it on the president's desk by the end of the day tomorrow. adam: it doesn't include any of the spending cuts that republicans have been adamant about getting. spending out of control. democrats and republicans agree upon that. how does speaker boehner rally members of his caucus who did not rally behind him about a week ago if there are no spending cuts? >> a couple of things. remember the sequestration still takes effect because we didn't act to change that. those are spending cuts. those are hundreds of billions of dollars of spending cuts. republicans don't like the way those cuts come down but they're real cuts. assuming we don't deal with that, you have the debt ceiling coming up. speaker boehner really didn't have any leverage with regard to what we're ing right now with the fiscal cliff but he has a lot o
who covers capitol hill from us not to expect to hear from the speaker of the house john boehner after we hear from the president at 1:30pm. speaker boehner tried to put plan b of his own on the table and ended up not having the republican support for it, so he pulled back. as business watches these negotiations take place, and we heard from senator thune in mike emanuel's report a minute ago what is the reaction of the business community at this function that is on display in our nation's capitol. >> despair, anger frustration. if you go forward into 2013 not addressing spending, in fact the president wants to raise spending on struc infrastructure you go forward into next year doing that with tax increases on upper income people and some small business owners you will slow the economy down. business does not want a slower economy, it wants a more rapid rate of growth. the reaction from business to the kind of deal that seems to be shaping up, and i say that very reserved lee, their reaction istep eud at best, ev is t *erbgs pid at bess even though you have a modest rally a couple of
hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> you talk about a dysfunction in washington. you signed this legislation setting up the fiscal cliff 17 months ago. how accountable are you for the fact that washington can't get anything done and that we are at this deadline again? >> i have to tell you, david, if you look at my track record over the last two years, i cut spending by over $1 trillion in 2011. i campaigned on the promise of being willing to reduce the deficit in a serious way in a balanced approach of spending cuts and tax increases on the wealthy while keeping middle-class taxes low. i put forward a very specific proposal to do that. i negotiated with speaker boehner in good faith and moved more than halfway in order to achieve a grand bargain. i offered over $1 trillion in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. i think anybody objectively who's looked
in congress don't want to go ahead and cooperate. but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit. as part of an overall deficit reduction package. >> you talk about a dysfunction in washington. you signed this legislation setting up the fiscal cliff 17 months ago. how accountable are you for the fact that washington can't get anything done and we're at this deadline again? >> well, i have to tell you, david, if you look at my track record over the last two years, i cut spending by over $1 trillion in 2011. i campaigned on the promise of being willing to reduce the deficit in a serious way, in a balanced approach of spending cuts and tax increases on the wealthy, while keeping middle-class taxes low. i put forward a very specific proposal to do that. i negotiated with speaker boehner in good faith and moved more than halfway in order to achieve a grand bargain. i offered over $1 trillion in additional spending cuts. so that we would have $2 of spending cuts for every
republicans have not been able or willing to do. the vote john boehner schedule and had to cancel is evidence of that in the present cost mind -- in the president's mind. we have part of what speaker boehner said. "the comments today are ironic as a recurrent theme was his unwillingness to stand up to anything in his own party. from the republican side of the aisle and speaker boehner, where are things at the moment? guest: the speaker had been hoping there would be a larger deal. the president was ready to move forward on in the time they had in front of them. this was in vision at one point to be the grand bargain which would incorporate in atomic reform and all sorts of budget cuts. changes to the tax rates. unemployment benefit changes. going all the way through to the debt ceiling being raised as part of it as well. that was not something that was ever really where things were headed by the time the negotiations got started. for speaker boehner, he wants to see the spending cuts that would go along with them. he does not feel the president has put forward enough of a plan to where the sp
is the president has been trying to govern and he spent hours and hours with speaker boehner trying to work on the so-called grand bargain, and the $4 trillion debt deal and the question on the spending cuts that would have not only tax increases but spending cuts, changes to medicare and medicaid, and potentially social security as well, and the white house says the republicans on the hill complaining of this, now, but the president was willing to do a deal like that and it was republicans like speaker boehner who walked away. >> thank you, ed. the first senate vote is expected in a couple of hours, but if it gets through the senate, we really don't know if this has any chance as passing in the house of representatives and, chad, over to you. how will the evening play out? >> well, i want do be very clear there is no plan at this point for a vote in the senate. they want to bring all their members together at some point and talk about this but they have to get over the issue of the sequester. republicans want to have some sort of spending cut. mcconnell, the minority leader in the senate t
the outlines of a deal can be between those two principals. then again, we have john boehner, speaker of the house, has to control his own republican party. what happens if mcconnell and biden create a minimal deal and boehner can't sell it, then we're back to square one, which is failure. >> right. which boehner couldn't do with his plan b a couple of days ago. >> that's right. >> the question is, if some deal should be reached, i'm not expecting something that's overreaching, something large, is it short-term? >> very short-term. and then i'm sorry to be the dispenser of bad news, we have the whole fiscal cliff again with the fiscal reputation in terms of the borrowing maximum, the ceiling, which will come due in about a month where they have to raise the debt ceiling. you remember the president said, i'm not going to play that game anymore. unfortunately, he's going to play that game. so we'll have crisis number two, even if they solve this mini crisis today, or tomorrow. >> this white house fallback deal that senator reid is talking about pushing, if it comes to that, talk a littl
? in effect force john boehner to put it on the floor in which parties tell me it would pass. >> that is then the critical issue, is it not? we heard earlier on with the deputy for dop in the house is a must. details are in private and no one was talking to them. would the deal get passed in the house? >> i think it could. we have been talking to republicans who say they think a deal from the senate will pass in the house but pass with democratic and republican votes. he think speaker boehner will put it on the floor and folks are telling me that but that said, you never know until you know and that's why they have the whip operations. they are counting nos very carefully to find out how many liberal democrats and republicans they can lose on either side to have coalition votes in the middle. that's the real trick. some have been optimistic that this deal will pass and you know, as long as it is within the contours that people are expecting at there point. >> okay. reminder for those of you just tuning in. we are waiting for a live press conference by president obama as we be
when fo mcconnell when for a longtime we were hearing it rested in boehner's hands. >> first it was boehner and obama, they failed to get a grand bargain. john boehner was unable to pass his plan b debt reduction bill and they decided to go in another way. boehner said let's see what the senate can do. we saw senator reid and mitch mcconnell try to get a deal, that failed. now mcconnell and biden who have a very good relationship. they worked on extending the tax breaks in 2010 they are trying it. the clock is ticking. the public is going to have to read this bill and members will demand that they read this bill before they vote on it and that's why we will go over the fiscal cliff. >> great to have you here today. i know the clock is ticking. i know you're watching it closely. thank you so much for joining us. >> thank you. gregg. jon: a new report on the terror attack on our consulate in libya. who they are blaming for the deaths of four americans including our ambassador. a french court says goodbye to that country's controversial 75% tax rate on the wealthy. don't you wis
christmas break. the house disappeared for the holidays after boehner's plan "b" failed. where is the sense of urgency? everyone is home at night and hopefully we're all putting our hopes on mcconnell and joe biden having a productive dinner, but by god, to your point, this has been going on for not just weeks or months, but years. and the fact that they're trying to cobble together some kind of patch to avoid the political pain and the economic pain more importantly to the country that's set to kick in tomorrow night at midnight is, frankly, pathetic, and it's a political problem, but it's an economic problem, and it's entirely self-created. when marshall blackburn was talking earlier and trying to blame the senate, look at the mirror. don't block at the other guy radio right now. you have to own this, and if particularly in the house of representatives because it's the republicans in the house that have been the biggest stumbling block. we got 98% agreement, both parties and the president agree 98% of americans shouldn't have their taxes raised and yet we're stalled. >> let me talk about
. there are theories put forward by many democrats that john boehner would not put any type of tax vote that would inflame his cause cuss, inflame conservatives around the country until after that gavel is safely in his hands when the new congress is sworn in on january 3rd. so things are still very much up in the air. we do know they will technically be going over that cliff at midnight tonight because the house and the senate for that matter have not voted on anything, and there is no handshake agreement that we are aware of on the totality of a deal, chris. >> if you could stand by, mike, i also want to bring in kristin welker who is at the white house and get a gauge of the mood there and what they think the next step is here. >> reporter: well, chris, they continue to say that they're optimistic, but, of course, they have been saying this all day and as mike points out, until there is a final deal, there is no deal. so they are hoping that through their conversations, they say they have been working the phones all day long. of course, the president, vice president, who has been deeply engaged
boehner on the last day to keep that off the house floor. john boehner has followed what denny hastert used to impose as the majority of the majority rule. you don't bring something to the floor unless most of your members are for it. i think john boehner in this case would be willing to set that aside. he would have something else for his members to vote for, which would be more favorable to those die hard conservatives who oppose the deal, but i think he would put it on the floor and i think eld pass. >> joining us now on the set is republican congresswoman shelly moore-capito and democratic congressman greg meeks from new york. congresswoman, i think he could do that and bring it and still be fine on january 3rd. is that your view? he would be re-elected speaker. >> i think he's going to be re-elected speaker, regardless. but i think there is a will in our conference, in the republican conference, to act, to have something on the floor to react to. i would say that it could be that it comes back from the senate and we act on it, but we amend it and change it. i wouldn't say it would
to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> you talk about a dysfunction in washington. you sign this legislation setting up a fiscal cliff 17 months ago. how accountable are you for the fact that washington can't get anything done and that we are at this deadline again? >> well, i have to tell you, david, if you look at my track record over the last two years, i cut spending by over $1 trillion in 2011. i campaigned on the promise of being willing to reduce the deficit in a serious way, in a balanced approach of spending cuts and tax increases on the wealthy while keeping middle class taxes low. i put forward a very specific proposal to do that. i negotiated with speaker boehner in good faith and moved more than halfway in order to achieve a grand bargain. i offered over $1 trillion in additional spending cuts so that we would have $2 of spending cuts for every $1 increased re
and cooperate but i think it has been hard for speaker boehner and republican mcconnell to accept the fact taxes on wealthiest should go up a little bit sweas well as a deficit reduction package. if they can't say yes to good offers i have an obligation to make sure the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >> republicans are expressing frustration saying the president is trying to put the blame on them for going off the cliff but when senator mcconnell was brought a few days ago mcconnell's office says he got a call from senator reed or democrats to talk about the fiscal cliff in about a month. they feel like they have not gone the extra pile here. >> the vice president getting a call today. what do they make of all of that? >> that could be a big deal. it shows the white house push back they are going to say look he has been pulling out all of the stops with the vice president in delaware came to the white house today working the phones we are told they had multiple conversations with senator mcconnell. a year and a half ago they talked about r
any idea what the house republican caucus is going to o do? >> they scuttled john boehner's plan. will they accept a deal for $400,000 for single people and $450,000 for couples? >> it is extremely difficult to do that. i talked to a couple of aides shortly after obama spoke and they actually were angry at the way the president presented the way things are coming. they actually thought that he was sort of sabotaging the thing by the gleeful almost presentation he gave with the applause when he talked about congress and the laughter. so it's going to be really hard for them to suck it up and i don't think that made it any easier. >> well, i have a little bit of a philosophical question for you, michael. the thought occurs to me that this is why we can't have nice things. we had the debt ceiling showdown. even before that, we had multiple threats of government shutdown over things like funding of planned parenthood and even if we get through this with a deal, we may have another debt ceiling showdown. are we at the point in history where we cannot get anything done and nothing will
up to 60 to continue working on any kind of deal they reach. and then you need john boehner to agree and house republicans to agree to bring it up in the same version or very similar version and i think the hurdles that have prevented us from getting a deal for two years are still there. so, i mean, we'll see what the next 14 hours brings but i wouldn't be too optimistic. >> if the senate does manage to hammer out a deal what are the chances the house will go along? you heard what chris van hollen said about an hour ago. >> note he said he thinks there are about two dozen republicans. you'll need closer to 40 republicans at least to push this over the 218 threshold. the problem with that is as tom cole the republican in oklahoma told me yesterday, he said, look. where are you going to find 40 republican house members who are willing to vote for something? if eric cantor and john bainer and kevin mccarthy don't like it, who is going to buck leadership and vote with democrats on something like this? he said, if there is at least lukewarm support from republican leaders you're likely to
leader mitch mcconnell. john boehner not in this, nancy pelosi isn't in this, not even the president. the house reconvenes at 10:00, the senate at 11:00, bright and early. sarcastic. neither of them showing particular signs of progress. >> these two worked together in the senate for 20 years. so you hope -- >> in fairness, the houses are not convening. these guys are not working. i don't care if it doesn't play out in the media. the big stumbling block has been avoided. republicans dropped their demand to reduce social security cost of living increases. >> i was really gratified to hear republicans had taken the demand for social security benefits off the table. truth is, they never should have been on the table to begin with there is still significant distance between the two sides, but negotiations continue. >> the consequences of this are too high for the american people to be engaged in a political messaging campaign. i'm interested in getting a result here. >> they have all been politically messaging, not sure why they are being critical of it now. thousands of there's of your t
by republican leaders, like senator mitch mcconnell and speaker john boehner who, so far, have shown little interest in standing up to the strident elements of their party. michael, good evening. >> good evening. >> you heard about this recently about this moment of truth for republicans. what do you see as the dynamic that's going on right now? >> well, let's put it like this. after the election, and barack obama won re-election pretty handily, as it turned out, after the republicans threw everything they had at him, after mcconnell said his top priority, as barney frank mentioned a few moments ago was to make barack obama a one-term president, wasn't to fix the economy, it was to make barack obama a one-term president, obama took all of that, he won. there was a sense in washington, among some people, i guess, i would call them sort of naive people, that the republicans might have learned something from that and might come to the table. but i'm afraid that, chris, they've learned precisely the opposite, that they're just going to double down in their opposition and that's what we're seein
obama went on "meet the press" to call out mcconnell and house speaker john boehner over tax hikes. >> i think it's been very hard for speaker boehner and republican leader mcconnell to know that taxes should go up as part of an overall deficit reduction. >> a health scare for hillary clinton. new details as the secretary of state undergoes treatment for a blood clot in a new york hospital. >>> ringing in the new year. from sydney to new york city. the world turns the page to 2013. good day. i'm chris live in washington in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned that president obama will speak about the fiscal cliff at 1:30 p.m. eastern time. with all that happening, let's get right to our daily fix. nbc's kelly o'donnell on capitol hill, nbc's kristen welker at the white house, and jonathan capehart, washington post editorial writer and my colleague and an msnbc contributor. okay, kelly. the action is on the hill where it's been for the last few days. let's start with you. thi
. everyone is optimistic that they will finally pass a bill. mr. boehner will then try to find a common ground with democrats in the house and they will have to pass this bill as well. i'm not sure whether they will be able to do that today, so what we might see is that the house will come together tomorrow morning and pass the bill then. >> what happens if there's no deal? to the bills get paid? >> i am somewhat optimistic. if they're not going to find a solution, i think the house will have to come together after the third of january and talk about that again. if they do not find a solution fast, they will still need a few months before america could face a new recession. >> thank you so much. >> talking about money, time to check out the market numbers. it was a bit of a surge on the u.s. markets. that has come back tonight but it is still holding at 12991. eurostoxx 50. euro trading down $1.3194. >> secretary of state henry clinton in the hospital due to a blood clot from the concussion she's a reporter earlier this month. >> she is under observation and will be in the hospital at l
this and it is closing in on a compromise. john boehner telling members stay close in case the house has time to vote before midnight. a lot of back-and-forth all day. the back-and-forth battle began early on new year's eve. members on both sides urged party leaders not to cave. >> no deal is better than a bad deal. >> i think he is held and on raising taxes. -- hell bent on raising taxes. >> word was spreading on capitol hill of a possible compromise. but the president went to the podium warning republicans he would not go any further with more spending cuts without more tax have to be a matter of shared sacrifice. at least as long as i am president. i am going to be present for the next four years. >> that left some curious republicans grumbling that the president wanted to kill the deal. the president had every right to criticize congress. >> the present is an absolute right to make sure he keeps us focused on getting this done. >> mcconnell was still urging fellow republicans to stand down and move forward in order to beat the midnight deadline. >> we can do this. we m
, it is a very difficult situation for speaker boehner and the house republicans to be in. i feel very sorry for them. they are caught in a trap. lou: a trap, a conundrum that s perfectly visible. it was transparent where we would be. and the republicans, the republican leadership, the republican national committee. all of the so-call wise men and women of the party did absolutely nothing to prepare for this strategic moment, and they are coming up woefully short. >> that's very true. you knew it happened 10 years ago when there was a provision that this was going to happen. here it is. i think the key for the republicans from my standpoint is to get this over with as quickly as possible. the serious business of trying to prevent spending increases and other programs. without giving up the position of republicans and being able to get those tax cuts. we will have an awful 2013 and 2000 putting him and i think the republicans could take over the senate and increased the majority of senate and house if they don't give up their key issue, tax cuts. lou: there has been no talk of growth in this
the their position right now, at least speaker boehner's is, hey, it is time for the senate to act on some of our bills. we'll keep an eye what is happening there. heather: busy day for them. president obama taking his case to the american public. here is what he had to say about the situation playing out on capitol hill. >> what's been holding us back is the dysfunction here in washington and if, you know, people start to see that on january 1st this problem still hasn't been solved, that we haven't seen the deficit reduction we could have had, the republicans been willing to take the deal i gave them, if they say, that people's taxes have gone up, which means consumer spending is going to be depressed, obviously that will adverse reaction in the markets. heather: there is lot at stake for all americans. three big issues on the financial front this morning as a matter of fact,. stu varney, host of "varney & company" on the fox business network joins us now. stu, no deal on capitol hill, not really doing their job but we're hearing they get a pay raise. >> that incredible to some people, but none
side under the leadership of speaker john boehner. i've talked to a couple of republicans this morning who are fairly optimistic that whatever comes out of the senate, whatever that deal is, it will pass the house this afternoon. although hard-core republican anti-tax folks are not going to vote for it. it still would likely have enough votes to pass. that's at least the mood of some folks i'm talking to today. guys, one of the big questions that's unresolved here was raised on a conference call with ceos arranged by the white house on friday night, on that white house conference call with ceos. one of the ceos asked tim geithner, i'm told by a participant on the call, whether a small deal would be enough to are prevent ratings agencies to downgrade u.s. debt. i'm told by this person on the call that the administration's response to that, they think a small deal would in fact be enough, but they wouldn't speak for the ratings agency. still a big unknown hanging out there, guys. >> and we know about some of the tough conversations we'll have 30 days from now, 45 days from now, eamon. it
. can john boehner muster the votes on the house side to get this passed. republicans do not like this on the house side there are no spending cuts, so many of them say they will vote against it, maybe the question then becomes can john boehner muster 40 or 45 republican votes and then use the 185 or 190 votes that nancy pelosi would deliver, potentially for a deal like 24 with no spending cuts to pass it there, tomorrow or the next day. the house side is unclear at this point. >> woodruff: so todd, you're saying as we sit here this evening, we're hearing there may be a senate vote tonight, the house may vote tomorrow. but at this point, it still is not known the outlines of what a potential deal would look like. >> i think the outlines are known on the tax side. and it was described accurately in your piece there, judy, with the tax rates at 450 for families, dividends would go up, the estate tax part of it. what is important is the one year extension on unemployment benefits. there are 2 million people set to lose their benefits, so that is all in there. everybody must keep in m
with boehner and mcconnell and the house gop, this is what they do in negotiations. they go all the way to the end. they try to bring the white house to their knees. they get everything they want. there's this idea that, well, maybe they'll come back the next time and try to get it done ahead of schedule and we'll all sing kum baya. this really is in the hands of congress, and we saw how that played out in 2011. >> i want to bring the panel in, because i think that luke just hit on the point that i wanted to get to. i want to quickly just read you a quote from jonathan who has written a lot about these issues and requests what a lot of liberal democrats are feeling right now. what jonathan wrote why is obama caving on tacks? the discouraging thing about the fiscal cliff negotiations is not that they have gone into the eleventh hour. it's that president obama has retreated on his hard line on taxes. obama may think his conciliatory approach has helped avoid economic chaos. instead, he is courting it." i want to go right to jimmy williams because you have been a senate staffer. you unders
to be rushed through both chambers of congress. house speaker boehner and his rank and file are sitting on the sidelines waiting to see if it will be a deal or no deal from the senate. >> this whole thing is a national embarrassment. i think it's an embarrassment to the president. it's an embarrassment to both sides of the aisle and both the house and the senate. >> how do you get out of it? >> first of all, whatever happens today is really inconsequential. >> ultimately, you're going to have to have people come together in a bipartisan way to get this done. you're not going to be able to get an agreement passed with just republicans. >> republicans simply can't utter the word "yes." they cannot utter the word "yes" without them uttering the word "yes" we can't get a deal. look, this is -- i feel like you're talking to a 5-year-old and, you know, saying, look. you have to eat your vegetables. >> we went over the cliff a long time ago. we just didn't know it. look at the leadership that we have leading us. i mean, it's like lemmings. come on. >> all right. that's what's being said right
cuts. they're all very aware of that. can john boehner muster the votes on the house side to get this passed. republicans do not like this on the house side there are no spending cuts so many of them say they will vote against it, maybe the question then becomes can john boehner muster 40 or 45 republican votes and then use the 185 or 190 votes that nancy pelosi would deliver potentially for a deal like 24 with no spending cuts to pass it there tomorrow or the next day. the house side is unclear at this point. >> woodruff: so todd you're saying as we sit here this evening, we're hearing there may be a senate vote tonight the house may vote tomorrow. but at this point, it still is not known the outlines of what a potential deal would look like. >> i think the outlines are known on the tax side. and it was described accurately in your piece there, judy, with the tax rates at 450 for families dividends would go up, the estate tax part of it. what is important is the one year extension on unemployment benefits. there are 2 million people set to lose their benefits, so that is all in
fell apart in his negotiations with speaker boehner, was to go back to $250,000. ultimately, as he was trying to work out a deal with boehner that did fail, he was at $400,000 when things fell apart there. now up to $450,000. presumably, senate republicans would want more than that. after just a whirl wind of negotiations yesterday on capitol hill and just a very busy weekend, negotiations are now going on between senate minority leader mitch mcconnell, the top republican in the senate, and vice president joe biden. these are the two players right now. they discussed a possible remedy late into the night, around midnight, we are told, by an aide to mitch mcconnell, and at least at the staff level negotiations began again this morning. the question everyone wants to know, suzanne, of course, is are we going over the cliff? it appears very -- it's sort of unclear at this point. it's difficult to see how we kind of don't logistically and politically at this point, but the president has said he's optimistic, and so have some republicans. >> brianna, finally, what is the drop dead last
it's not as if he doesn't have an awfully strong hand to play. if it's a deal john boehner can accept, frankly, i think it will be passed in a bipartisan manner with a strong majority. if earn he's not neutral or favorable, his chances will be a lot slimmer. >> we will find out in the morning whether any progress came out of the senate leader mitch mcconnell's meeting with vice president joe biden. >> we've been asking you, our viewers, to send in your thoughts, your messages to elected representatives. so let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon and this is cnn's top 10 of 2012. we look at the stories that captured our attention, what we see as the biggest
. thank you very much, mr. president. mr. boehner, speaker boehner, oh, he finally gets the house back in session on sunday night. and then we have some democrats saying, why don't these republicans quit defending their millionaire pals. the way it's presented in the establishment media is highly pejorative against republicans and yet, republicans, as we heard from the rasmussen poll, they're not getting all of the blame. it's 44-36 that's where it is, again, that surprises me. >> those headlines are great. the next time i'm on deadline and i have a story to write. because i've left it to the last minute and i have to cancel a movie i think i'm going to, you know, complain about it and say, oh, finally, i'm getting back into the work session here. no, i mean, it's ridiculous. now, the republicans, i think, are doing one thing wrong though and that is focusing so much on the tax increases on higher earners, i do think that that's one area where obama can claim to have a bit of an upper hand because he made it very clear in his campaign for reelection, that he was going to tax the wealth
problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promised the american people. we've been reasonable and respondent. the president is the 1 who's never been able to get to yes. >> what i ran on and what the american people elected me to do was to put fourth a balanced approach. >> despite the ongoing blame game, there is consensus on 1 thing, time is running out. >>> a teenager driver led to the crashed into a concord funeral home this afternoon and police suspected damage was the result of a straight race. it happened around 2:00 this afternoon, during a service. >> all i can tell you is when it happened i turned around, the car was feet from both of us. >>> dave is at the scene right now. coming up at 630, she'll bring us a live report on what happened and what police are learning. >>> and it was a very cool you but dry day around the bay area. now with a look at how chilly it could get overnight. >>> the coolest locations will be in the upper 20s, so once again, frost will
, but not close enough. steve handlesman reports on how house speaker john boehner will. >> reporter: john bain ircould change his mind, but unless he does and allows a vote, america goes off the fiscal cliff surrounding himself with middle-class americans, president obama had sounded optimistic this afternoon. it's not done. >> reporter: sources say taxes would rise on income over 4 to 500,000. a big win -- >> keep in mind just last month republicans in congress said they would never agree to raise rates. obviously the agreement is currently being discussed would raise those rates and raise them permanently. they made the president promising tax hikes above 250,000. not 450. >> well, i just think that's grossly unfair. >> a hangup -- democrats want a two-year postponement, covered by the new tax hikes. the president scoffed at republican demand for deeper spending cuts. >> shove only spending cuts down -- well -- shove -- shove spending cuts at us. >> reporter: so much for winning gop allies. >> laughs and jokes and ridicules republicans. why? >>> a bigger question is, will a deal get done? it
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